Parking Lot & Garage Insurance Coverage Checklist
The coverages a parking lot & garage business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for parking lot and garage owners and operators. Priorities reflect typical exposure for this class; confirm against facility type and whether keys are kept.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Garage / General Liability | Covers customer injuries — falls, gate arms, assaults alleged to result from poor security — and property damage. | Core | |
| Garagekeepers Coverage | Covers customers' vehicles in your care when keys are kept (attended or stacked parking) — GL excludes them. | Situational | |
| Commercial Property & Business Income | Covers owned structures, gates, and pay equipment, plus income lost after a covered loss. | Core | |
| Umbrella / Excess Liability | Adds limits for catastrophic claims such as a structural failure or serious assault. | Core | |
| Crime / Money & Securities | Covers cash and pay-station receipts lost to theft or robbery. | Prevalent | |
| Equipment Breakdown | Covers mechanical lifts, gates, elevators, and ventilation systems. | Situational | |
| Workers' Compensation | Required in most states; attendants face vehicle-strike and assault risks. | Situational | |
| Contractual Liability | Confirms coverage for indemnity promised to the property owner in a management agreement. | Prevalent |
The coverage gap most often missed
The most commonly missed exposure for this class is structural condition. Aging garages carry heavier vehicles than they were designed for, and deferred maintenance or unpermitted repairs can end in collapse — as in the 2023 Ann Street garage in Manhattan, where a worker was killed and the city blamed structural demolition done without permits. Regular engineering inspections, permitted repairs, and a high umbrella limit matter. Operators who keep customers' keys also need garagekeepers coverage, since general liability excludes vehicles in their care.
Send us the checklist and we'll review your parking lot & garage coverage line by line, then market it across multiple carriers that compete for your account.
Related: Parking Lot & Garage Insurance · Parking Lot & Garage Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a parking lot & garage business need?
The core coverages for a parking lot & garage business are Garage / General Liability, Commercial Property & Business Income, Umbrella / Excess Liability. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my parking lot & garage coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.